Survivor Legal Meaning and Definition

Here is a simplified definition of the legal term Survivor.

Survivor (noun)

1. A person who continues to live or exist, especially in spite of challenging circumstances or after others have not.
2. In legal terms, a person who outlasts others, particularly significant in matters of inheritance or asset distribution. It often applies to situations where resources like property, bank accounts or other assets were held jointly and pass to the surviving owner(s) after one owner's death.